What is the cost of living in Lakeland, FL?
According to the most recent data on the cost of living, Lakeland has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Florida, Lakeland has a cost of living index that's 1.0x lower than Florida's index of 104.
The standard of living in Lakeland ranks as #143 most affordable out of the 462 places we measured in Florida. By definition, that implies Lakeland ranks as the #319 most expensive place in the Sunshine State.
For more reading on life in Lakeland, check out:
Lakeland Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Lakeland. Here is how it fares on each of the criteria:
The Services index in Lakeland is 103.
The Groceries index in Lakeland is 107.
The Health index in Lakeland is 93.
The Housing index in Lakeland is 108.
The Transportation index in Lakeland is 110.
The Utilities index in Lakeland is 100.
| Living Expense | Lakeland | Florida | National Average |
|---|---|---|---|
| Overall | 104 | 104 | 100 |
| Services | 103 | 101 | 100 |
| Groceries | 107 | 105 | 100 |
| Health | 93 | 99 | 100 |
| Housing | 108 | 104 | 100 |
| Transportation | 110 | 109 | 100 |
| Utilities | 100 | 105 | 100 |
Lakeland Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Lakeland Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lakeland, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Lakeland is $311,156.
The Median Rent in Lakeland is $1,395.
The Median Income in Lakeland is $64,185.
The Home Value To Income in Lakeland is 4.8x.
The Rent To Monthly Income in Lakeland is 0.26x.
Lakeland, FL Costs By Category
Detailed Lakeland Services costs vs. Florida
Detailed Lakeland Groceries costs vs. Florida
Detailed Lakeland Health costs vs. Florida
Detailed Lakeland Transportation costs vs. Florida
Lakeland SnackAbility
Cost Of Living In Cities Around Lakeland
The cost of living varies in the cities and towns around Lakeland. Here's a quick look at the cost of living in the most populous nearby places:
Corona, CA has a cost of living index of 152, 1.5x Lakeland.
Murrieta, CA has a cost of living index of 151, 1.5x Lakeland.
Temecula, CA has a cost of living index of 156, 1.5x Lakeland.
| City | Population | Cost Of Living | Vs. Lakeland |
|---|---|---|---|
| Corona, CA | 159,670 | 152 | 1.5x |
| Murrieta, CA | 112,064 | 151 | 1.5x |
| Temecula, CA | 111,167 | 156 | 1.5x |
| Menifee, CA | 110,305 | 135 | 1.3x |
| Mission Viejo, CA | 92,151 | 190 | 1.8x |
| Lake Forest, CA | 86,281 | 182 | 1.8x |
| Lake Elsinore, CA | 72,461 | 139 | 1.3x |
| San Clemente, CA | 63,273 | 206 | 2.0x |
| Rancho Santa Margarita, CA | 46,990 | 179 | 1.7x |
| Wildomar, CA | 37,277 | 141 | 1.4x |
